Meiji Yasuda Adds $44 Million to Amazon Stake

Meiji Yasuda Asset Management Co Ltd has purchased 185,611 shares of Amazon.com (NASDAQ:AMZN) stock in its second-quarter filings with the Securities and Exchange Commission. The acquisition is valued at approximately $44.24 million.

This represents a significant stake for Meiji Yasuda, making up 2.0% of its investment portfolio and ranking as the company's fifth-largest holding. Other investors have also shown interest in Amazon stock, including Clarion Wealth Management Partners LLC, Te Ahumairangi Investment Management Ltd, Magellan Asset Management Ltd, Mission Financial Group LLC, and Burk Holdings LLC.

AWS demand has been accelerating, with analysts citing a $169 billion annualized revenue run rate and a large cloud backlog. This trend supports expectations that AI-related infrastructure spending can translate into future sales, despite near-term cash-flow pressure.